Financial Planning

Understanding a Company’s Corporate Business Structure

All publicly traded companies have the same basic corporate structure. Let’s look at Ed’s Carpets, Ed’s name is on the building, but his company is owned by shareholders. Ed holds stocks in the company, so he is one of the shareholders. If all the shareholders try to manage the company nothing gets done. Instead, they [...]

Understanding Profit Margin

Profit margin is a ratio that measures how much income is kept in a company as compared to the total revenue. Simply put, it is a measure of profitability. To find out how much of every dollar on revenue is kept in the form of profit, a firm calculates its net profit by subtracting all [...]

What is an Emergency Fund / Emergency Savings Fund?

Definition of Emergency Fund: An account that is used to set aside funds to be used in an emergency, such as the loss of a job, an illness or a major expense. The purpose of the fund is to improve financial security by creating a safety net of funds that can be used to meet [...]

How to Apply Small Business Loan From Malaysian Chinese Women Entrepreneurs Foundation

Where to get a loan for small business? Good news for business minded Chinese women! Prime Minister Datuk Seri Najib Tun Razak launch Malaysian Chinese Women Entrepreneurs Foundation today (6 July 2011) at the Klang Hokkien Association hall. Under the foundation, Government will contribute RM30 million as micro-credit scheme to help Chinese women in Malaysia [...]

Bank Fixed Deposit Classified as Unclaimed Moneys if Untouched > 7 Years

Under The Unclaimed Moneys Act 1965, your fixed deposits (with automatic renewal instruction) will be classified as Unclaimed Moneys if the FDs have not been operated in whatever manner for a period of not less than 7 years. In another words, bank will still transfer your money in fixed deposit account as unclaimed moneys to [...]

New Rules & Requirements for Credit Card Application in Malaysia 2011

Income Below RM2,000/month? Sorry Then, Credit Card is Not For You! Last week, Bank Negara Malaysia (BNM or Central Bank of Malaysia) set new requirements for credit card application. Meantime, the credit card rules were tighten, too. Here are the major changes announced: Immediate Effect New Credit Card Rules To Be Implemented Minimum Income Requirement [...]

Skim Rumah Pertamaku (SRP) / My First Home Scheme is Finally Launched!

Finally, Skim Rumah Pertamaku (SRP) or My First Home Scheme is launched! Besides, the official SRP website is ready, too! More updates and details this time! Before this, I know there are many questions pop up in your mind regarding the scheme, especially about the qualifying criteria, who is eligible for the scheme, what are [...]

Citibank Cash Back Platinum Credit Card – My Best Credit Card for 2011

In order to increase savings for 2011, I have decided to apply a new credit card to replace my existing CIMB Petronas MasterCard for better cash rebate rates as part of my savings plan. Which one is the best credit card that suits your spending patterns the most? For myself, the answer goes to Citibank [...]

How to Make A Million Dollar Money via Real Estate Investment Trusts – REITs

Is it possible to make a million dollar by investing in REITs (Real Estate Investment Trusts)? It is possible! Look at the calculation on below. We know dividend payout for REIT funds is high, normally ranging from 6 percent to 10 percent annually. It’s basically at least double of our fixed deposit interest rates in [...]


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